Mercurius Advisory Services Financial Analyst Interview Questions and Answers

Q1. Genral questions asked in an interview
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Exam regarding excel and Accounts

Q1. All accounts related questions and past experience related
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Q1. Explain p2p process
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P2P process stands for procure-to-pay process, which involves the steps from requisition to payment for goods or services.
• Requisition: Requesting the purchase of goods or services

• Purchase Order: Formal document outlining the details of the purchase

• Receipt of Goods/Services: Confirming delivery and quality

• Invoice Processing: Verifying the invoice against the purchase order and receipt

• Payment: Issuing payment to the vend...read more
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Q2. Sap related questions
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Aptitude test was bit challenging but it went well

Q1. It was quite good and challenging
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Q1. Salary discussion and shift time discussion
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Maths, English, communication, logical reasoning.

Q1. Salary discussions
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Q1. Interview with Sr. Manager
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Q2. Domain knowledge
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Q1. Interview with Onshore manager
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Q1. Confirmation and salary insights.
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Q1. Various types of valuations
Ans. 
Valuations can be of various types depending on the purpose and method used.
• Asset-based valuation

• Market-based valuation

• Income-based valuation

• Liquidation valuation

• Replacement cost valuation
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Q2. Equity vs enterprise value
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Equity represents ownership in a company, while enterprise value represents the total value of a company.
• Equity is the residual interest in the assets of a company after liabilities are paid off

• Enterprise value is the sum of equity, debt, minority interest, and preferred stock minus cash and cash equivalents

• Equity is used to calculate metrics such as return on equity and price-to-book ratio

• Enterprise value is used to c...read more
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Q3. Comparable company analysis vs comparable transaction analysis
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Comparable company analysis compares multiples of similar public companies while comparable transaction analysis compares multiples of similar M&A deals.
• Comparable company analysis is based on multiples of similar public companies

• Comparable transaction analysis is based on multiples of similar M&A deals

• Comparable company analysis is more commonly used

• Comparable transaction analysis is more accurate but harder to find d...read more
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Q1. P2P process and risk at each step.
Ans. 
P2P process involves requisition, approval, purchase order, goods receipt, invoice receipt, and payment.
• Requisition: Request for goods or services

• Approval: Authorization of the requisition by appropriate personnel

• Purchase Order: Formal document to the supplier specifying the details of the purchase

• Goods Receipt: Verification of goods received matching the purchase order

• Invoice Receipt: Receipt of invoice from the suppl...read more
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Q2. Major observations or risk identified in your internal audit experience.
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Key risks identified in internal audit experience
• Lack of segregation of duties leading to potential fraud

• Inadequate controls over financial reporting

• Insufficient IT security measures

• Non-compliance with regulations and policies

• Weaknesses in inventory management
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Q3. How to identified ghost employees?
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Ghost employees can be identified by cross-referencing payroll records with HR records and conducting regular audits.
• Cross-reference payroll records with HR records to identify discrepancies

• Conduct regular audits of employee information and payroll to detect any anomalies

• Implement strong internal controls and segregation of duties to prevent ghost employees

• Use biometric verification or time-tracking systems to ensure e...read more
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Q4. What procedure can you perform from PO dump?
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Q1. Some personal questions.
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